Metromedia refutes bankruptcy story, confirms credit woes

PLANO Texas Metromedia Restaurant Group, parent to the Bennigan's, Ponderosa and Bonanza brands, has denied a report that it was ready to file for bankruptcy and said Wednesday that it was working with its lenders to restructure its debt.

The Wall Street Journal reported earlier Wednesday that MRG was in talks with lender GE Capital Solutions to avoid a possible bankruptcy filing. The newspaper said MRG had violated several terms of its lending agreement, and

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